USDA Zero Down Home Loan In Jeopardy!
March 17, 2010 by Jeff Thomas · Leave a Comment
Fairfax, Virginia: Although USDA loans are not a big deal in the northern Virginia area, but they are HUGH deal in the outlying counties of Fauquier, Prince William and Loudoun. It was recently been announced that the USDA 100% (zero down) loan program will be out of money by the end of April 2010. Typically [...]
Home Buyer’s Tax Credit About to End
February 28, 2010 by Jeff Thomas · Leave a Comment
Fairfax, Virginia
You’re probably up to your neck by now in forms and paperwork as the April 15th income tax deadline approaches. Maybe you’ve already completed your taxes, paid your bill, or are awaiting your refund check. Either way, now is the perfect time to revisit the extended and expanded Home Buyer’s Tax Credit.Why? Because now, [...]
Time is Running Out for Significant Savings!
February 10, 2010 by Jeff Thomas · Leave a Comment
The Clock is Ticking!
Time is Running Out for Significant Savings!
Attention home buyers! Waiting to buy a home could cost you nearly $20,000 or more over a seven-year period if you time your purchase incorrectly. While the actual impact will vary depending on purchase price, the impact will certainly be significant because of stimulus programs scheduled [...]
Market Trends
January 26, 2010 by Jeff Thomas · Leave a Comment
Mr. Market seems to be wanting to move down for the second leg of the correction – I’d expect markets to continue to sell off here on the indexes, and with that will go a further drop in consumer confidence which could weigh heavily on housing in the months ahead. To see the existing [...]
New Home Search App for the I-Phone
January 26, 2010 by Jeff Thomas · Leave a Comment
Take your home search mobile – for FREE!
The REALTOR.com® iPhone App
Instantly access over 4 million homes
View listings on an interactive map
Share listings via Facebook & Twitter
Homebuyer Tax Credit and IRS Form 5404
January 24, 2010 by Jeff Thomas · 1 Comment
Fairfax, Virginia:
The Worker, Homeownership, and Business Assistance is the larger bill that included the homebuyer tax credit additions. Taxpayers wanting to take advantage of the first time home buyer credit (up to $8,000) or the new repeat home buyer tax credit (up to $6,500) can now get the revised IRS form 5405 to submit with [...]
2009-2010 Tax Credit Video
December 9, 2009 by Jeff Thomas · Leave a Comment
The Senate voted to extend the $8,000 first-time home buyer tax credit for home buyers in the Fairfax, Virginia and Alexandria, Virginia areaa. Additionally, the new bill also includes a $6,500 credit for existing homeowners who have been in their current residence for at least five years. The tax credit has been extented to November [...]
Mary Had A Little Plan
November 14, 2009 by Jeff Thomas · Leave a Comment
What factors determine your credit score?
Payment history – 35%
Amounts owed – 30%
Length of credit history – 15%
New credit – 10%
Types of credit used – 10%
Obviously the single most important factor is your record of paying your bills on time. As delinquent accounts age they factor less into the calculation of your credit score. Here is [...]
Senate Passes Unemployment Extension, Home Buyer Tax Break
November 5, 2009 by Jeff Thomas · Leave a Comment
The Senate voted to extend the $8,000 first-time home buyer tax credit. Additionally, the new bill also includes a $6,500 credit for existing homeowners who have been in their current residence for at least five years.
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NAR summary and comparison
Summary:
The Refurbished Home Buyer Tax Credit Details
Current
Existing $8,000 tax credit is through [...]
Home Buyer Tax Credit Extended?
October 29, 2009 by Jeff Thomas · 1 Comment
Looks like the Tax credit will be extended with some help for current homeowners. See this article
The Homebuyer tax credit might be extended check out this article:
http://tinyurl.com/yh8amph
I am not sure if this is good for the country as a whole. The actual cost of the tax credit is well beyond the $8,000 credit to [...]
$8,000 First Time Homebuyer Tax Credit Extension
October 28, 2009 by Jeff Thomas · Leave a Comment
The extension of the $8,000 first time home buyer tax credit is still up in the air. Most think real estate in Fairfax, Alexandria and Prince William counties will suffer if teh measure is not extended.
